Mr. Lévesque is the administrator of a syndicate of co-owners for a 30-unit building in Gatineau. The building's roof, which has an expected lifespan of 25 years, needs replacement in 5 years at an estimated cost of $150,000. How should the syndicate ensure funds are available for this major repair?

Question: Mr. Lévesque is the administrator of a syndicate of co-owners for a 30-unit building in Gatineau. The building's roof, which has an expected lifespan of 25 years, needs replacement in 5 years at an estimated cost of $150,000. How should the syndicate ensure funds are available for this major repair?

Answer options: ✅ By adequately funding the contingency fund based on a study.

• By collecting a special assessment from co-owners in the year of the repair.
• By applying for a municipal grant for building maintenance.
• By increasing the monthly common charges for the next 12 months.

Correct answer: By adequately funding the contingency fund based on a study.

Explanation: The syndicate must constitute a contingency fund for major repairs and the replacement of common portions, which should be based on a study predicting the necessary amounts, as per Article 1071 of the Civil Code of Québec.